Resolved –

That the entries on the Register of Breaches of Law be noted. 

ACTION: Director, West Yorkshire Pension Fund

The Director, West Yorkshire Pension Fund, presented a report

(Document “L”) which informed Members that, in accordance with the

Public Service Pensions Act 2013, from April 2015 all Public Service

Pension Schemes came under the remit of the Pensions Regulator.

Section 70 of the Pensions Act 2004 (the Act) imposed a requirement to report a matter to the Pensions Regulator as soon as it was reasonably

practicable where that person had reason to believe that:

(a)  A legal duty relating to the administration of the scheme had not been or was not being complied with, and

(b)  The failure to comply was likely to be of material significance to the Pensions Regulator in the exercise of any of its functions.

A register of any breaches of the Pensions Code of Practice was maintained in accordance with the Pensions Regulators requirements and WYPF

Breaches Procedure. 

The report revealed that the entries on the Register of Breaches for 2019/20 related to the late payment of contributions and Annual Benefit Statements not issued by 31 August 2019.  An amendment to the report explained that the reference to 99.6% of Annual Benefit Statements issued should state that the target was by 31 August 2019.  All payments referred to in Appendix A had now been paid.

As the breaches outlined in Document L had not been regarded as material they had not been reported to The Pensions Regulator.

Resolved –

That the entries on the Register of Breaches of Law be noted. 

ACTION: Director, West Yorkshire Pension Fund